News


Rio Algom sells potash division assets

Toronto-listed Potash Corp. of Saskatchewan (PCS) will buy the potash division of Rio Algom (TSE) for $160 million, plus working capital. Rio retains a royalty interest in the relevant properties. Alt…


Wheaton River put to test at Golden Bear

Despite a stormy past, the Golden Bear mine in northwestern British Columbia is being given a second chance by Wheaton River Minerals (TSE). Wheaton reached an agreement with Homestake Mining (NYSE) t…


Las Vegas show

The bulls and bears of the newsletter world are being rustled together for a special session at the Investment in Mining conference, to be held this month in Las Vegas, Nev. Such newsletter luminaries…



NEWS ROUNDUP — Gold Vessel buys Suriname interests

Alberta-listed Gold Vessel Resources, a subsidiary of St. Genevieve Resources (ME), has signed a deal to earn an interest in three properties in Suriname. Two of the properties comprise 20,000 hectare…


NEWS ROUNDUP — Musto completes metallurgical study

With a final feasibility study due by the end of October, International Musto Explorations (VSE) is seeking partners for its Bajo de La Alumbrera project in Argentina. Several major companies reported…


THE EDITORIAL PAGE — Mining and government (1)

From its early roots in the 1800s up until the late 1970s, the Canadian mining industry enjoyed a synergistic relationship with provincial and federal governments. The goals of the industry and govern…



Eritrea boasts potential

Eritrea, a newly independent African country on the Red Sea, holds solid potential for mineral deposits, according to a report by R. Rumbold et Associes. “Almost the whole of the country consists of P…


Republic signs second Cuban letter

Vancouver-listed Republic Goldfields has signed a second letter of intent with the Cuban government to explore and develop a large, 2,100-sq.-km. concession on the eastern side of the island. The conc…



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